0001448793-12-000003.txt : 20120214 0001448793-12-000003.hdr.sgml : 20120214 20120214134747 ACCESSION NUMBER: 0001448793-12-000003 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Prime Capital Management Co Ltd CENTRAL INDEX KEY: 0001448793 IRS NUMBER: 000000000 STATE OF INCORPORATION: K3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-86697 FILM NUMBER: 12607367 BUSINESS ADDRESS: STREET 1: UNIT 2303 LOW BLOCK GRAND MILLENNIUM PLZ STREET 2: 181 QUEEN'S ROAD CENTRAL CITY: CENTRAL STATE: K3 ZIP: 00000 BUSINESS PHONE: 852-3602-5100 MAIL ADDRESS: STREET 1: UNIT 2303 LOW BLOCK GRAND MILLENNIUM PLZ STREET 2: 181 QUEEN'S ROAD CENTRAL CITY: CENTRAL STATE: K3 ZIP: 00000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Prime Capital Management Co Ltd CENTRAL INDEX KEY: 0001448793 IRS NUMBER: 000000000 STATE OF INCORPORATION: K3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: UNIT 2303 LOW BLOCK GRAND MILLENNIUM PLZ STREET 2: 181 QUEEN'S ROAD CENTRAL CITY: CENTRAL STATE: K3 ZIP: 00000 BUSINESS PHONE: 852-3602-5100 MAIL ADDRESS: STREET 1: UNIT 2303 LOW BLOCK GRAND MILLENNIUM PLZ STREET 2: 181 QUEEN'S ROAD CENTRAL CITY: CENTRAL STATE: K3 ZIP: 00000 SC 13G 1 Sc13g13.txt OMB APPROVAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB Number: 3235-0145 Estimated average burden hours per response 10.4 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) TAL Education Group (Name of Issuer) Class A Common Shares, par value $.001 (Title of Class of Securities) 874080104 (CUSIP Number) December 31, 2011 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ? Rule 13d-1(b) X Rule 13d-1(c) ? Rule 13d-1(d) CUSIP No. 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Prime Capital Management Company (Cayman) Limited 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ? (b) x 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 6. SHARED VOTING POWER 7,882,416 (upon conversion of the American Depositary Shares)* 7. SOLE DISPOSITIVE POWER 8. SHARED DISPOSITIVE POWER 7,882,416 (upon conversion of the American Depositary Shares) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,882,416 (upon conversion of the American Depositary Shares) 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ? 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% (upon conversion of the American Depositary Shares) 12. TYPE OF REPORTING PERSON* OO * See Item 4. CUSIP No. 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Prime Capital Management Company Limited 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ? (b) x 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Hong Kong NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 6. SHARED VOTING POWER 7,882,416 (upon conversion of the American Depositary Shares)* 7. SOLE DISPOSITIVE POWER 8. SHARED DISPOSITIVE POWER 7,882,416 (upon conversion of the American Depositary Shares) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,882,416 (upon conversion of the American Depositary Shares) 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ? 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% (upon conversion of the American Depositary Shares) 12. TYPE OF REPORTING PERSON* IA C investment adviser * See Item 4. CUSIP No. 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Dragon Billion China Master Fund 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ? (b) x 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 6. SHARED VOTING POWER 7,882,416 (upon conversion of the American Depositary Shares)* 7. SOLE DISPOSITIVE POWER 8. SHARED DISPOSITIVE POWER 7,882,416 (upon conversion of the American Depositary Shares) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,225,988 (upon conversion of the American Depositary Shares) 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ? 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.66% (upon conversion of the American Depositary Shares) 12. TYPE OF REPORTING PERSON* OO * See Item 4. 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Yijun Liu 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Peoples Republic of China NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 6. SHARED VOTING POWER 7,882,416 (upon conversion of the American Depositary Shares)* 7. SOLE DISPOSITIVE POWER 8. SHARED DISPOSITIVE POWER 7,882,416 (upon conversion of the American Depositary Shares) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,882,416 (upon conversion of the American Depositary Shares) 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ? 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% (upon conversion of the American Depositary Shares) 12. TYPE OF REPORTING PERSON* IN, HC * See Item 4. Item 1. (a) Name of issuer: TAL Education Group (the Issuer) (b) Address of Issuers Principal Executive Offices: 18/F, Hesheng Building 32 Zhongguancun Avenue, Haidian District Beijing 100080 Peoples Republic of China Item 2. (a) Name of person filing: This statement is filed on behalf of each of the following persons (together, the Reporting Persons): (i) Prime Capital Management Company (Cayman) Limited (Prime Capital Cayman) (ii) Prime Capital Management Company Limited (Prime Capital HK) (iii) Dragon Billion China Master Fund (the Fund) (iv) Mr. Yijun Liu (Mr. Liu) This statement relates to Class A common shares of the Issuer held by the Fund and two managed accounts in the form of American depositary Shares. Prime Capital Cayman and Prime Capital HK are the Investment Manager and the Investment Adviser, respectively, for the Fund and two managed accounts have been granted discretion over the portfolio investments of the Fund and the managed accounts, including the Issuers American Depositary Shares. Prime Capital HK is registered as an investment adviser with the SEC under the Investment Advisers Act of 1940. Mr. Liu is the Director of Prime Capital Cayman, Prime Capital HK and the manager of the Fund. (b) Address of Principal Business Office or, if None, Residence: The address of the principal business offices of Prime Capital HK is: Unit 2303, Low Block Grand Millennium Plaza 181 Queens Road Central Hong Kong The address of the principal business offices of Prime Capital Cayman and the Fund is: c/o Campbell Corporate Services Limited 4th Floor, Scotia Centre P.O. Box 268 George Town Grand Cayman KY1-1104 Cayman Islands (c) Citizenship: Prime Capital HK is a Hong Kong limited company. The other Reporting Persons are Cayman Islands exempted companies. (d) Title of Class of Securities: American Depositary Shares, par value $.001 per share, each convertible into two Class A common shares, par value $.001, of the issuer. (e) CUSIP Number: 874080104 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a N/A Item 4. Ownership. (a) Amount beneficially owned: As of December 31, 2011, each of Prime Capital Cayman, Prime Capital HK, the Fund and Mr. Liu may be deemed to be the beneficial owner of 7,882,416 Class A common shares of the Issuer upon conversion of 3,941,208 American Depositary shares of the Issuer. (b) Percent of class: As of December 31, 2011, Prime Capital Cayman, Prime Capital HK, the Fund and Mr. Liu may be deemed to be the beneficial owner of approximately 5.1%, in the aggregate, of the total number of ordinary shares outstanding upon conversion of the American Depositary Shares. (based on the Form 6-K filed by the Issuer with the SEC on January 20, 2012, indicating that there were 40,152,000 Class A common shares and 114,806,000 Class B common shares as of November 30, 2011). As of December 31, 2011, Prime Capital Cayman, Prime Capital HK, the Fund and Mr. Liu may be deemed to be the beneficial owner of approximately 19.6% of the total number of shares of Class A ordinary shares outstanding upon conversion of the American Depositary Shares. (based on the Form 6-K filed by the Issuer with the SEC on January 20, 2012, indicating that there were 40,152,000 Class A common as of November 30, 2011). (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 7,882,416 (upon conversion of the American Depositary Shares) (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 7,882,416 (upon conversion of the American Depositary Shares) Item 5. Ownership of Five Percent or Less of a Class. This Item 5 is not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. This Item 6 is not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. This Item 7 is not applicable. Item 8. Identification and Classification of Members of the Group. This Item 8 is not applicable. Item 9. Notice of Dissolution of Group. This Item 9 is not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a Participant in any transaction having that purpose or effect. The remainder of this page intentionally left blank. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 14, 2012 PRIME CAPITAL MANAGEMENT COMPANY (CAYMAN) LIMITED By: Irene Ng Name: Irene Ng Title: Authorized Signatory Date: February 14, 2012 PRIME CAPITAL MANAGEMENT COMPANY LIMITED By: Irene Ng Name: Irene Ng Title: Authorized Signatory Date: February 14, 2012 DRAGON BILLION CHINA MASTER FUND By: Irene Ng Name: Irene Ng Title: Authorized Signatory Date: February 14, 2012 YIJUN LIU By: Yijun Liu Name: Yijun Liu Exhibit A JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is used in the Schedule 13G) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Shares of TAL Education Group, and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which taken together shall constitute on and the same instrument. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 14th day of February, 2012. Date: February 14, 2012 PRIME CAPITAL MANAGEMENT COMPANY(CAYMAN) LIMITED By: Irene Ng Name: Irene Ng Title: Authorized Signatory Date: February 14, 2012 PRIME CAPITAL MANAGEMENT COMPANY LIMITED By: Irene Ng Name: Irene Ng Title: Authorized Signatory Date: February 14, 2012 DRAGON BILLION CHINA MASTER FUND By: Irene Ng Name: Irene Ng Title: Authorized Signatory Date: February 14, 2012 YIJUN LIU By: Yijun Liu Name: Yijun Liu